household debt

Yesterday I said that, given the housing rebound, it seemed ever more likely that the US economy would be able to power through the budget cuts from the sequester and the fiscal cliff. This is the asset-based economy at work. There is…

Today I thought I would try a little experiment by beginning to write a daily commentary. I have been thinking about doing this for a while and decided I needed to give it a go here because I don't have an in-depth article I am working on.…

Sweden has been one of the countries to have best weathered the economic crisis. Despite a hiccup in its domestic economy and the extra deflationary impulse from souring loans to the Baltics in 2009, the Swedish economy has been remarkably…

Moody's Investor Service released the following note in conjunction with a ratings action it took on Canadian banks today.

Yves Smith has an interesting post out asking whether student loans are going the way of subprime, potentially triggering another financial crisis if the US goes into recession. I think it's a good question to ask in light of my last weekly…

As you may know, I now use the sectoral balances approach very heavily in looking at economic forecasting. The crux of the sectoral balances is that, from an accounting perspective, every sector's deficit must be offset by an equal surplus…

Business Insider met with Goldman's Chief Economist Jan Hatzius and learned he is bullish on the US economy largely because he believes his Wynne Godley-inspired model of the US economy shows likely releveraging in the household sector. …

The real takeaway, however, is that the solution to the fiscal cliff problem involves some combination of tax increases and federal spending cuts. To the extent that at least some of it is front-loaded into 2013, which is likely, the result…

Moody's released the following announcement on Friday in connection with a review it is now conducting regarding the Canadian banking sector. Moody's Investors Service has placed the long-term ratings of six Canadian banks (including the…

Here's a great chart from Goldman Sachs that I spied as a result of a tweet by finance blogger Conor Sen who is someone to follow on Twitter. It shows the divergence in US household debt-to-income ratios and debt servicing costs as interest…